Terry's Tax Tips

Haha thanks. I was going through the thread looking for info, and just multi-quoted everything as I went along, so it wasn't a big deal to group them together.
I had read most of them, but wasn't sure which I needed to re-read.

I follow this thread, so I see all the titles as you post them, but I don't read the ones that aren't applicable to me right now.

 

Tax Tip 269: GST and the Margin Scheme Tax Tip 269: GST and the Margin Scheme

Tax Tip 270: Lodging Income Tax Returns Late and HELP Payments Tax Tip 270: Lodging Income Tax Returns Late and HELP Payments

Tax Tip 271: What is the Tax Rate for Trusts? Tax Tip 271: What is the Tax Rate for Trusts?

 

As of now, all 271 of them, yes (and all the legal tips too)
I feel like I should quit being a teacher and become an accountant

 

Tax Tip 272: Borrowing to buy shares and then selling those shares and deductibility of interest Tax Tip 272: Borrowing to buy shares and then selling those shares and deductibility of interest

Tax Tip 273: A List of Aussie Tax Related Podcasts Tax Tip 273: A List of Aussie Tax Related Podcasts

Tax Tip 274: Wash Sales, Part IVA and CGT Tax Tip 274: Wash Sales, Part IVA and CGT

 

Tax Tip 275: What is the Acquisition Date of Bonus shares for CGT purposes? Tax Tip 275: What is the Acquisition Date of Bonus shares for CGT purposes?

Tax Tip 276: Transferring title between spouses before a sale to save CGT? Tax Tip 276: Transferring title between spouses before a sale to save CGT?

Tax Tip 277: When is a child considered an ‘adult’ for Tax Purposes? Tax Tip 277: When is a child considered an ‘adult’ for Tax Purposes?

Tax Tip 278: Spousal Sale to push CGT over 2 Financial Years? Tax Tip 278: Spousal Sale to push CGT over 2 Financial Years?

 

Tax Tip 279: Don’t let a Related your Company Guarantee your Loan Tax Tip 279: Don’t let a Related your Company Guarantee your Loan

Tax Tip 280: Loan Repayment Holidays and Tax Deductibility Tax Tip 280: Loan Repayment Holidays and Tax Deductibility

 

Here is a list of all the posts that I have mad on the forum that relate to trusts.

 

Tax Tip 281: Sale of Assets at death at a Loss – What a Waste! Tax Tip 281: Sale of Assets at death at a Loss – What a Waste!

 

Tax Tip 282: Spousal Transfers and Stamp Duty in South Australia Tax Tip 282: Spousal Transfers and Stamp Duty in South Australia

Tax Tip 283: Franked Dividends- How much can you earn so you get all the credits back? Tax Tip 283: Franked Dividends- How much can you earn so you get all the credits back?

 

Tax Tip 284: How a couple could earn more than $87,500 per year and pay no income tax Tax Tip 284: How a couple could earn more than $87,500 per year and pay no income tax

Tax Tip 285: Redrawing money is borrowing Tax Tip 285: Redrawing money is borrowing

 

Any requests?

 

This legal tip has some tax saving aspect which might be on interest
Legal Tip 286: Child Maintenance Trusts

 

Maybe considerations for distribution of DT’s?
Retired parents, non-working spouses, under & over 18 children, relatives & any other considerations, pensions, tax residents, tax impacts etc. could be a piece of string question but some thought starters.

 

How to cope when you start making a profit but it feels like you're going backwards? Tax hurts!
Be nice

Wattle

 

Reduce spending as well as general tax minimisation strategies.

 

Tax related:
Legal Tip 288: Structuring the Ownership of Shares in a Company Legal Tip 288: Structuring the Ownership of Shares in a Company

 

Hey @Terry_w ,

Not sure if this has been covered, but something about strategies when one financial year's income might be significantly different to the next.

 

On of my kids has a birthday in December 2020. In July 2021 are they eligible for the full adult tax free threshold in the 2020/21 year?

 

Tax Tip 287: How Capital Gains Through a Company can be Tax Free Tax Tip 287: How Capital Gains Through a Company can be Tax Free

Tax Tip 288: How you could end up paying 47% in CGT Through a Company Tax Tip 288: How you could end up paying 47% in CGT Through a Company

Tax Tip 289: CGT on Inheritance left to one person when put into different names Tax Tip 289: CGT on Inheritance left to one person when put into different names

Tax Tip 290: Tax Deductions When Prepaying Interest Tax Tip 290: Tax Deductions When Prepaying Interest

Tax Tip 291: Changing Trustees and CGT Tax Tip 291: Changing Trustees and CGT

Tax Tip 292: The 6 Year Rule for CGT and the Need to move back in? Tax Tip 292: The 6 Year Rule for CGT and the Need to move back in?

Tax Tip 293: Deductibility of Interest Where Shares Sold and Borrowed Money Reused Tax Tip 293: Deductibility of Interest Where Shares Sold and Borrowed Money Reused

Tax Tip 294: Are Fixed Loan Break Fees Borrowing Expenses or Mortgage Discharge expenses? Tax Tip 294: Are Fixed Loan Break Fees Borrowing Expenses or Mortgage Discharge expenses?